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20110701
20110731
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
come back from europe, there's a disparages disbelief. last thursday there was a big meeting about the euro zone crisis. whatever you think of the plan they come up, however, they all came together, came up with a plafç to avert crisis. looking at washington's politicians and thinking, hey, hang on a minute, they're as -- >> didn't you run a bureau -- >> i was in italy last week in fact. the analogy is apt. the difference is the market shook italy two weeks ago into doing something. they pass add 40 billion euro austerity plan, because the market freaked out. >> and in england as well. we held that deficit reduction, because we were worried about the market. here? >> i want to go back to jonathan's point, and this is -- i think people are trying to understand the implications. because america is the reserve currency of the world, because all the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyo
deadline still fast approaching, the big question, will we see any progress so the u.s. will not default on its bills? nbc's mike vick kwer are at the white house. >> reporter: raising interest rates, people not getting checks, veterans affairs, in the course of each and every month. that's what's at stake here, the government would have to start to prioritize and major credit agencies are already talking about downgrading treasury bonds and the wisdom of investing in those. today, more dualing back and forth, the president in his weekly address, orrin hatch speaking for republicans, here's what they had to say about the state of play. >> i don't think oil companies should get tax breaks when they're getting tens of millions of profits. i don't think hedge fund managers should make more in bonuses than their secretaries salary. >> it was a crime of the president to submit and for congress to pass -- the only reason that congressional democrats would refuse to pass it because they know that the people of this country would rise up and quickly ratify it. >> there you see orrin hatch from u
. if you do nothing, you have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> h
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
connell and president obama needs to figure something out over the weekend. >> yeah. you know, luke, the big difference between the house gop plan and the senate democrat plan is that this balanced budget amendment, that's what the gop wants. beyond that, though, both plans seem to call for spending caps for special committees to find more deficit cuts. they almost seem similar, though, when i posed that to chuck todd, he was, like, yeah, but there are very important big points, and they're far apart on those. do you agree with that? it's one of those things which if you had approached this to a republican last year, they would have signed it in two seconds. the top leadership aides will admit that. to talk about the reid deal. what you see the similarities is trillion dollars in spending, spending caps. the two significant differences, though, are this. it's the balanced budget amendment that was added specifically because the tea party freshmen in the house wanted it in there, and on top of that, democrats do not want to go play for this process again in about six or sech months. they want this to go
with political philosophy in the house. as the debt line approaches and house republicans are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got t
care a lot about. they have basically yielded to republicans on a big conceptual point. linking, lifting the debt ceiling to spending cuts and -- >> two things republicans still want. a dollar for dollar cut in spending to match a debt ceiling increase and a trigger mechanism for a balanced budget amendment. holding out ideologically. speaker boehner when asked about the reid plan earlier. let's listen. >> i believe that the plan is full of gimmicks. we're not making any real changes in the spending structure of our government, and it doesn't deal with the biggest drivers of our deficit and our debt, and that would be entitlement programs. >> the republicans-- >> they're not touching that either. putting it to the side now. >> how can he say that, then? >> they have forgotten the number one rule of hostagetaking. when the other sides gives into your demands you let the hostage go. i don't think they're interested in doing that. at least 100 members on the house republican side want to blow up the economy because they think they will save the economy. >> and they're certainly wil
this to be a short-term deal. let's look for the big fix. the president says, luke, let's go for the big fix and now the republicans are going, wait a minute. what gives? luke. >> politics is the art of the possible. a lot of folks on capitol hill feel right now that a short-term solution is the only thing possible because of the eight-day time window that you mentioned. that being said, there are two very different plans which you talked about in the introduction which are going through capitol hill right now. speaker boehner plan is going to have an extension, which gets us through the wipter. i'm told that speaker boehner's going to brief his house republican conference at 2:00 p.m. about the details of that plan. won't get extremely specific. then for all intensive purposes it looks from discussions i've had with certain aides that you can see as early as wednesday a house of representatives votes on speaker boehner's plan. harry reid is going to go his own way with a $2.7 trillion reduction plan across the board. both of these contessa are different than any of the grand bargains. reid's extend
't want this man to get the chance to spread the message that he wants to spread today. it's a big decision. there's a lot of people here. you can imagine the frantic mood outside of the courthouse and inside this hallway. >> one of the details that jumped out over the last couple days to a lot of people was this number of 21 years. some people believethars for th death of at least 93 people if he is found dlt of that. but it's more nuanced than that. can you explain that, jay? >> it is. and 21 years is the sentence at this point. there's a new law, but there's an act that would make it longer, 30 years. what prosecutors hope to do in this case, is after that time is served, should he become guilty, if he poses a threat to society. if there's a danger in releasing him. they can convene in a panel. they can keep him detained three years. and reconvene every three years after. they can impose a life sentence here. but it will be done every three years or so to keep him behind bars. >> that's the good news. there would be a way. jay, how right now on this monday, is the city of oslo a
of higher than expected receipts, but they're going to have a couple big social security payments and interest payments due, so it's not entirely clear to the markets or to anybody else when treasury will exhaust its reserves. >> annie lowery, economic and business reporter for slate. >>> well, joining me from the hill now illinois republican congressman robert dold who serves on the financial services committee. representative dold, thanks for being here this morning. it's a busy day. >> thanks for having me. i appreciate it. >> i know, sir, that you supported john boehner's plan, but you say you would have voted for it without a budget balanced amendment. why are some of your colleagues saying they need that fully knowing it would not pass the senate? >> the number of my colleagues booef e plea of we have to change the way washington is working, so we've been grossly overspending for a long period of time. it's been happening on both sides of the aisle. it's a clear washington problem. american families have tightened their belt. american businesses have done the same. they shou
is the last day of the big heat here. tomorrow is a cooler day and much better next week. >> for those of us who had to walk through the city yesterday this concrete jungle when you walked past those stores with the air-conditioning blowing out, a second of relief as you walk through it. can i ask you about the humidity danger. we had 104 yesterday as you're saying that's two degrees shy of an all time high. but you know, you add in the humidity, eric, 113, 114 it feels like. how does this make things dangerous? >> it stresses your body. when you sweat you can feel when it's humid it sits on you. when that evaporates in dry air that's how your body cools off. when it's humid outside, you don't get that relief. your body is working harder that's when people succumb to heatstroke and heat related issues. that's what makes this weather so dashlgs. >> eric fisher many thanks. >>> well developing now in europe. a nation in shock this morning after a killing spree claims the lives of at least 91 people apparently carried out by one man. police in norway say they've arrested a man connected to both
? >> quite a big one, contessa. we can report that earlier this morning the house call center the communication arm of the house in charge of all the house telephones sent out an email to members saying quote, due to the high volume of external calls to the house telephone circuits they are near capacity. some members should be receiving busy signals. several house websites crashed specifically that of speaker of the house john boehner. the question is whether or not it will transfer into some sort of change of what the status quo is right now and that really is both sides digging in quite rigidly on their plans. democrats supporting harry reid's plan the $2.7 trillion cut across the board. republicans in favor of john boehner's plan, with an extension of the debt limit. that's where both sides are still very much. >> kristen, let's talk with you about where the white house goes from here. can they capitalize on this? the people are willing to go online -- i had trouble getting on the house website today maybe not correlated to how buzzy things are, certainly with the house ph
of the small group -- well, i don't know how big the group, whatever group was involved in criminality. >> did you close it because of the criminality? >> hmm? >> did you close the paper down because of the criminality? >> yes, we felt ashamed of what had happened and felt to bring it to a close. >> people lied to you and lied to their readers? >> we had broken our trust with our readers. but it's the important point was we had broken our trust with our readers. >> are you aware that there are other forms of illicit surveillance being used by private investigators that were used by news international? >> other forms of? >> illicit surveillance, computer hacking -- >> no. >> if the evidence is produced -- >> i mean i think all news organizations have used private detectives and do so in their investigations from time to time. i don't think illegally. >> if it could be shown to you that private investigators working for newspapers in news international used forms of illicit surveillance like computer hacking, would you immediately introduce another investigation? >> that would be up to the polic
, rational approach to it. markets, actually, if they know there's a big deal behind it will be quite -- wouldn't they, john heilemann? >> i think so. the time is tough right now. listen to harry reid and mitch mcconnell who know how the senate works and how long it takes to do the following things, to reform medicare and tax reform. they are things that typically can take many months to get done. >> isn't it a surprise? it wasn't a surprise the show started at 6:00 a.m. on the east coast. it's no surprise we have a deadline. >> to build the legislation is not something that can happen in the span of four or five days. you can't. the key issue is what obama will be wanting to see is the outlines of a deal where he has a good assurance the outlines of the deal can get past once the meat is put on the bones. if that's the case and the markets see that, everything will be fine. whether it's a few days extension or a couple weeks, it's going to take a lot to get to that point. there's no consensus on the house side among house republicans in favor of what the gang of six is doing. as we s
wider responsibilities, we had calls from many of the big shareholders saying it was a terrible thing to take him away because he had done such a great job. >> i said i wasn't disputing that, but the fact that you have been -- that you didn't know about so many of these criminal activities that went on, do you not think that was made more likely because of the sort of family history? i don't just mean james, i'm talking about people who weren't direct members of your family but became friends. >> no. >> you don't think that -- >> i don't think -- >> why it has been mismanaged. >> i don't think mr. hinton misled me for a minute but you must make your own conclusion. other people who gave the same evidence may well have been misleading, but he certainly did not know of anything. >> thank you very much. >> i've got two more members. >> before i address my questions to the hearing, i'd like to make a short declaration of my own which is something i previously declared to the committee which is to say my wife is an employee of a company that has been engaged by news corporation. i just wan
there will be a resolution if they stretch it out, and there is a big treasury action scheduled for august 4th, and if that were not to be sold or if the interest rates on it would have to go appreciably higher that could trigger a sell-off and another problem as well, but whether it is august 2nd, 3rd, 4th, there is a resolution of this, because the al terntives are just really too dire to conceive. >> thank you, andrea mitchell, for joining us. >>> and the man of evil, and did he really act alone? while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources within self contained well systems and using state of the art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment we are america's natural gas. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen mo
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Search Results 0 to 18 of about 19 (some duplicates have been removed)

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